Passive Equity
A Southern state plan terminated global active equity manager Longview Partners following a global equity restructure review.
A university based in the South has selected an investment consultant to wrap up its search from the first quarter.
A Mid-Atlantic pension plan added a Standard & Poor’s 600 Index fund investment at last week’s board meeting.
The fund is looking for passive U.S. equity and fixed-income managers.
A Midwest pension plan approved moving its two active domestic large-cap core equity managers to a passive mandate.
BlackRock has agreed to purchase an equity index manager for approximately $1 billion in cash.
A Northeastern pension plan has canceled its outstanding investment manager searches due to a new consultant hire.
A foundation based in a Western state will lease its steam plant and utility system as part of a public-private partnership and invest a sizeable portion of the deal’s proceeds.
Move to a single passive equity manager would save more than $13,000 a year in fees.
A Midwest pension plan is considering moving its two active domestic large-cap core equity mandates to passive investing.
